enterprisesecuritymag

Zecurion: A Fortress against Internal Assaults on Data

Top 10 Fraud and Breach Protection Solution Companies - 2020

In recent years, hackers have compromised data gathered and stored by major retailers including Target, Home Depot, T-mobile, Neiman Marcus, and dozens more—as well as government agencies and other major institutions. Losing data to fraud can be more costly than the loss of cash and other assets. Data breaches and fraud are problems for businesses of every size, affecting over 25% of businesses with an average fraud loss of $38,000. That’s enough to push many small businesses into bankruptcy.

According to the U.S. Government Accountability Office, more than 35,000 security incidents are reported annually to the Department of Homeland Security. The most common types of security incidents belong to email/phishing scams, device/computer hardware theft, and unauthorized users of the network. To ensure data security, safeguard intellectual property and guard against cyberfraud, fraud examiners must stay informed of rapidly advancing technologies, emerging business trends and the methods employed by increasingly sophisticated information thieves.

Although the traditional concepts of the fraud triangle and the red flags of fraud may still be relevant in some context to white-collar crime, the challenges of cybercrime go beyond these parameters. Those who commit cybercrime often are from another country, and they are unknown to the victim. The idea of someone stealing information solely because of personal or business pressure and rationalizing it under the banner of the fraud triangle may not apply in the world of cybercrime.

Fraud can severely undermine the adherence to ethics and compliance standards, business practice requirements, and financial reporting integrity—as well as damage the organization’s reputation and profitability. A robust fraud management process can help identify risks that can lead to opportunities, as well as those that can lead to potential pitfalls.

We present to you, “Top 10 Fraud and Breach Protection Solution Providers - 2020.”

    Top Fraud and Breach Protection Solution Companies

  • Cheque Guard

    Cheque Guard

    Founded in 1991, ChequeGuard Inc is the leading innovator in cheque fraud solutions for smaller and medium-size businesses and financial institutions. ChequeGuard's FormSuite for the IBM AS/400 series, and ChequeSeal™ and ChequeSuite™ for Windows allow businesses to integrate and rapidly deploy secure, controlled cheque printing and electronic payment solutions (In the USA: Automated Clearing House (ACH)), while concurrently creating a Positive Pay file for the bank as the cheques are printed by the customer

    cheque-guard.com

  • DataBreachIQ® (IDIQ®)

    DataBreachIQ<sup>®</sup> (IDIQ<sup>®</sup>)

    The company brings superior benefits and a team of U.S.-based experts to offer the highest level of customer service and data breach planning, management and response supportfor businesses.Along with the DataBreachIQ® brand, the company housesIdentityIQ®and MyScoreIQ® brands for credit report monitoring and identity theft protection. Broadly, IDIQ® also delivers credit information, education, and protection that benefits consumers and businesses to keep track of their day-to-day activities

    databreachiq.com

  • E HAWK

    E HAWK

    E-HAWK is a technology innovator in the Web and Mobile Fraud Detection and Prevention space. The firm lives to make heroes out of Online Risk/Fraud Managers, Lead Buyers, Email Delivery and Compliance Teams, and Marketing Managers by delivering a world-class solution that provides quality, actionable cyber intelligence to help combat fraudulent registrations, bogus leads, account hijacking and organized cyber criminals. The company's service helps identify risk profiles of account registrations, leads, and profile updates in real-time. E-HAWK is helping tag and prevents cyber issues and fraudsters across multiple sectors

    e-hawk.net

  • Experian [LSE: EXPN]

    Experian [LSE: EXPN]

    Experian is the world’s leading global information services company. During life’s big moments — from buying a home or a car to sending a child to college to growing a business by connecting with new customers — we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organizations to prevent identity fraud and crime. We have 17,800 people operating across 45 countries, and every day we’re investing in new technologies, talented people and innovation to help all our clients maximize every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index

    www.experian.com

  • Zecurion

    Zecurion

    Zecurion is a world-class vendor of IT security solutions, helping companies protect against insider threats. Zecurion’s Data Loss Prevention solution brings together more than ten technologies to minimize errors and false positives.The company brings forth the next generation of DLP solutions that combine all the functionalities of traditional software under one roof, and proactively helps internal security officers in their forensic investigations. Zecurion’s software brings in new layers of internal security that help in detecting and preventing internal fraud

    zecurion.com

  • Enzoic

    Enzoic

    Enzoic is an enterprise-focused cybersecurity company committed to preventing account takeover and fraud through compromised credential detection. Organizations can use Enzoic solutions to screen customer and employee accounts for exposed username and password combinations to identity accounts at risk and mitigate unauthorized access. The firm’s innovative APIs and Active Directory plugin will check in real-time against billions of exposed username and password combinations then will alert you of exposure

  • Featurespace

    Featurespace

    Featurespace is the world-leader in Adaptive Behavioural Analytics and creator of the ARIC™ Risk Hub for fraud prevention and AML transaction monitoring. The ARIC Risk Hub – a real-time machine learning software system – monitors individual behaviours and detects anomalies to catch financial crime as it happens. The increased accuracy of understanding customer behaviour simultaneously reduces the number of genuine customers whose purchases and transactions are incorrectly declined

  • FRISS

    FRISS

    FRISS is 100% focused on automated fraud and risk detection for P&C insurance companies worldwide. The AI-powered detection solutions for underwriting, claims and SIU help 175+ insurers grow their business. FRISS detects fraud, mitigates risks and supports digital transformation. Insurers go live within 4 months, realize up to 10 times ROI and 80% increase in straight through processing of policy application and claims. FRISS solutions help lower loss ratios, enable profitable portfolio growth, and improve the customer experience

  • iconectiv

    iconectiv

    iconectiv provides authoritative numbering intelligence to the global communications industry. The firm’s market-leading solutions enable the interconnection of networks, devices and applications for more than two billion people every day who count on a simple, seamless and secure way to access and exchange information. With 30+ years of experience and more than 5K customers worldwide, iconectiv has intimate knowledge of the intricacies and complexities in creating, operating and securing the communications infrastructure for service providers, regulators and enterprises

  • OneSpan

    OneSpan

    OneSpan enables financial institutions and other organizations to succeed by making bold advances in their digital transformation. They do this by establishing trust in people’s identities, the devices they use, and the transactions that shape their lives. More than 10,000 customers, including over half of the top 100 global banks, rely on OneSpan solutions to protect their most important relationships and business processes. From digital onboarding to fraud mitigation to workflow management, OneSpan’s unified, open platform reduces costs, accelerates customer acquisition, and increases customer satisfaction